EI ¡V Base Category

EI ¡V Regional Pilot

Experience

Within last 10 years

Within last 5 years

3+ years of experience as a business owner-manager, OR, 4+ years of experience as a senior manager,OR,acombinationof1+yearofexperienceasabusinessowner-managerand2+years ofexperienceasaseniormanager

Net worth

At least $600,000

At least $300,000

Education

Obtainedapost-secondarycredential,OR,experienceasanactivebusinessowner-managerfor at leastthreeofthelastfive years with100%ownershipin the business

Business proposal

You must submit a business proposal to establishanewbusiness or purchaseofan existingbusinessinBritishColumbia

You must submit a business proposal to establishanewbusinessinBritishColumbia andbereferredbyanenrolledcommunity

Ownership percentage

At least one-third (33.33%)

At least 51%

Investment

Minimum $200,000

Minimum $100,000

Job creation

Mustcreate at leastonefull-timeequivalentjobfora Canadian citizen or permanentresidentof Canada

Location

Anywhere in British Columbia

Participating communities[1]

Exploratory visit required?

No

Yes.Youmustengageandvisitanenrolled communityforsupportbeforeregistering

Languagerequirement

Minimum of CLB 4 equivalent in English or French.Must submit acopyofvalidlanguage proficiency test results at final report (if not previously submitted)

Minimum of CLB 4 equivalent in English or French.Must submit copyofvalidlanguage proficiencytest at registration

Partner with BC PNP co- registrant allowed?

Yes

No

Partner with a local business/person allowed?

Yes

EI ¡V Base Category

EI ¡V Regional Pilot

Registration scores

Total200points(120pointsforself-declared section;80pointsforbusinessconcept). Must score minimum of 32 points in business concept section

Total 200 points (140 points for self-declared section;60pointsforbusinessconcept).No minimum business conceptscore

Registration timeframe

Registrations are scored within six weeks

Registrations are scored within four weeks

Net worth verification

Yes, you must obtain a net worth verification report if you are invited to apply

Application timeframe

Application decisions are typically made within four months

Interview required for approval?

Yes

Minimum amount of timetosubmitafinal report

18 months
after issuance of a work permit

12 months

after issuance of a work permit

Fees

Registration: $300
Application: $3,500